Mon Nov 11 09:27:11 UTC 2024: ## Niva Bupa Health IPO Closes, Allotment Expected on November 12

**Mumbai, India** – Niva Bupa Health Insurance, a joint venture between Bupa Group and Fettle Tone LLP, has concluded its initial public offering (IPO) after a successful bidding period from November 7 to November 11. The IPO aimed to raise Rs 2,200 crore through a fresh sale and offer for sale (OFS) of 29.73 crore shares. The IPO price band was set between Rs 70 and Rs 74 per equity share.

While the grey market premium initially hovered around Rs 3, it ultimately fell to null by the end of the subscription period. The allotment of shares is scheduled for November 12, with the listing expected on November 14 on the NSE and BSE mainboard segments.

Investors can check their allotment status on the registrar’s website, Kfin Technologies, by following a simple procedure:

1. Access the Kfin Technologies website.
2. Hover over the “Products” button and click on “IPO Allotment Status” in the investors section.
3. Select one of the provided links.
4. Enter company name, account number/D’mat account/PAN number, and captcha code.
5. Click “Submit” to view the allotment status.

**Concerns Over IPO Pricing:**

Analysts have expressed concerns over the IPO’s pricing. Bajaj Broking noted that based on FY25 earnings, the asking price results in a negative price-to-earnings (P/E) ratio, while a P/E ratio of 642.22 is observed based on FY24 earnings. This suggests the issue may be priced aggressively.

**Book-running lead managers for the Niva Bupa IPO include:**

* ICICI Securities
* Morgan Stanley India Company
* Kotak Mahindra Capital
* Axis Capital
* HDFC Bank
* Motilal Oswal Investment Advisors

**Meanwhile, Honda Cars India has teased the upcoming third generation Amaze compact sedan.** The new model, designed at Honda R&D Asia Pacific centre, will feature a global design language with a front grille similar to the Civic and Accord. The Amaze will debut on December 4 and compete with the Maruti Suzuki Dzire, boasting a premium design and all-LED headlight design.

Read More